Azul Secures $300 Million in Chapter 11 Equity Commitments from American, United, and Creditors

Reuters
Feb 18
Azul Secures $300 Million in Chapter 11 Equity Commitments from American, United, and Creditors

Azul S.A. said today, February 18, 2026, that in connection with its Chapter 11 proceedings it amended equity investment agreements under its court-approved reorganization plan, with American Airlines and United Airlines each committing US$100 million in new equity capital. United’s investment is to be made via a public equity offering expected to settle Feb. 20, 2026, while American’s investment is expected through warrants subject to conditions including Brazilian antitrust approval. Azul also signed an additional investment agreement for US$100 million from certain existing creditors via the offering, and separate warrant agreements that could add up to about US$15 million from United and US$10 million from those creditors, subject to customary conditions.

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